Mr. Michael Harbinson reports

BOSTON PIZZA ROYALTIES INCOME FUND AND BOSTON PIZZA INTERNATIONAL INC. TO ANNOUNCE 2023 THIRD QUARTER RESULTS ON NOVEMBER 9TH

Boston Pizza Royalties Income Fund and Boston Pizza International Inc. (BPI) will issue 2023 third quarter results via news release and on the fund's website on the morning of Nov. 9, 2023.

The fund will host a conference call with BPI's president, Jordan Holm, and chief financial officer, Michael Harbinson, to discuss the results for the third quarter which ended on Sept. 30, 2023. The call will take place on Thursday, Nov. 9, 2023, at 8:30 a.m. PT (11:30 a.m. ET).

To participate in this conference call, please dial the following toll-free number approximately 10 minutes prior to the commencement of the call: 1-800-319-4610 or 604-638-5340.

A replay will be available until Dec. 9, 2023, on the fund's website, or by dialling 1-800-319-6413 or 604-638-9010 and entering the access code 0410 followed by number sign.

About Boston Pizza Royalties Income Fund and Boston Pizza International Inc.

The fund is a limited-purpose open-ended trust with an excellent record for investors since its initial public offering in 2002. Including the September, 2023, distribution which is payable on Oct. 31, 2023, the fund will have paid out 249 monthly distributions and two special distributions totalling $415.9-million or $25.70 per unit. The fund earns revenue based on the franchise system sales of the 377 Boston Pizza restaurants in the fund's royalty pool.

Boston Pizza International (BPI) is Canada's No. 1 casual dining brand. The Boston Pizza brand has served communities from coast to coast for 59 years since opening its first restaurant in Edmonton, Alta., in 1964. Today Boston Pizza proudly remains a Canadian company with its hundreds of local franchise owners operating more dining rooms, sports bars and patios than any other single brand in the country, along with take-out and delivery. BPI has been recognized both as a franchisees' choice designation winner and a platinum member of Canada's 50 best managed companies for many years.